AbstractThe partitioning of incident precipitation into evapotranspiration, runoff, drainage, storage change, and hydrologic fluxes depends on the soil moisture state. With the availability of global remotely sensed soil moisture fields, the functional dependence of each flux on soil moisture may be identifiable. In this study we develop an observation‐driven approach to map key hydroclimatology fields using remotely sensed soil moisture and gauge‐based precipitation data only. National Aeronautics and Space Administration's Soil Moisture Active Passive (SMAP) low‐frequency microwave brightness temperature observations and precipitation fields, from the National Centers for Environmental Prediction, are the sole inputs into an adjoint‐state variational estimation framework. Furthermore, the proposed methodology does not rely on micrometeorological information, or land surface models. The approach is flexible by design so that almost any partitioning pattern can result from estimation and corresponding evapotranspiration and drainage fields can be quantified. Three‐year averaged summer season evapotranspiration estimates are compared with available vapor flux at in situ AmeriFlux eddy‐covariance sites. Basin‐averaged drainage over major U.S. hydrologic units is also compared with U.S. Geological Survey streamgages measurements. The remote sensing‐based estimated hydroclimate fields explain about 70% of the variance in the in situ measurements. This exploratory study adds to the body of evidence emerging in literature that a significant amount of hydrologic information is encoded in the dynamic fields of remotely sensed soil moisture. Observation‐driven hydroclimate data fields that are independent of land surface models can provide valuable insights into the state of the water cycle and guide future development of land surface models.